SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 18, 1997
Mercury Finance Company
(Exact name of registrant as specified in charter)
Delaware 1-10176 36-3627010
(State of other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
100 Field Drive, Lake Forest, Illinois 60045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (847) 295-8600
N/A
(Former name or former address, if changed since last report)
Item 5. Other Events.
On February 18, 1997, the registrant issued a press release, a copy of
which is attached as Exhibit 99.1 to this Form 8-K and incorporated herein by
reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit No. Description of Document
99.1 Press release dated February 18, 1997 issued by the
registrant.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
Mercury Finance Company
Date: February 19, 1997 By: Bradley Vallem
Its: AVP & Treasurer
Exhibit 99.1
Mercury Finance Appoints New Auditors
CHICAGO, Feb. 18 /PRNewswire/ -- Mercury Finance Company (NYSE: MFN)
announced today it has appointed Arthur Andersen LLP as auditor for the company,
replacing KPMG Peat Marwick.
The Arthur Andersen auditors will complete the audit of the 1996 fiscal
year financial statements, which, as previously announced, contained accounting
irregularities resulting in an initial overstatement of 1996 earnings.
"Under the circumstances, Mercury Finance will be best served by a new
public accounting firm, which can bring a fresh independent point of view to the
situation," said William A. Brandt, Jr., president and chief executive officer
of Mercury. "We have asked Arthur Andersen to proceed as expeditiously as
possible."
The company is in the process of determining a date for the annual
shareholders meeting, which will need to be rescheduled to allow time for the
completion and distribution of the 1996 audited statements. SOURCE Mercury
Finance Company
CONTACT: Kate Connelly or Joe Kopec, both of The Dilenschneider Group for
Mercury Finance Company, 312-553-0700
